Outcome of Board Meeting held on 12.02.2026
Awaiting price reaction for this filing.
Board approved unaudited standalone financial results for Q3 and nine months ended December 31, 2025. However, the statutory auditor (H. Rajen & Co.) raised multiple serious qualifications: no supporting documents for loans and advances of Rs. 408.15 lakhs, and investments of Rs. 1,904.25 lakhs (over Rs. 19 crore). Trade payables, receivables and other financial liabilities remain unconfirmed. The auditor flagged material concerns about non-payment of TDS/TCS dues of Rs. 2.33 lakhs and the company's failure to maintain accounting software with an Edit Log feature as required under the Companies Act, 2013. The trading of the company's equity shares on BSE also appears to have been suspended/discontinued, which the auditor drew attention to.
This is a deeply negative disclosure. Combined auditor qualifications, going concern flags, a BSE trading suspension, and statutory non-compliance severely undermine confidence in the company's books. Shareholders face major uncertainty about the true financial position, and the stock is likely to remain illiquid or face further delisting/dissemination risk.